Hopefully Mr Maling has done comprehensive due diligence on the Vanguard, Arqommanzi, Lions Bay issue or this could be a major loss for Metal1 shareholders !!
All sounds reasonable but how much has John Byrne ceo of Lions Bay put in , as it continually reported he sold a previous company for 3 billion so why is he using Metals to be his bank ?
Please forgive my ignorance but doesn't this mean metals have reduced their holding from 6.33% to 2.99% ? If so why also not such good news from Lions Bay Capital down 25% today .